Orlen Group secures EIB loan for Poland’s electricity distribution upgrade

Orlen Group has received a 3.5 billion zlotys ($866.6 million) loan from the European Investment Bank (EIB) to fund a major program aimed at modernizing and strengthening Poland’s electricity distribution network. 

The loan, to be disbursed in tranches over three years, will have a repayment period of up to 15 years. The initial tranche of financing is valued at 900 million zlotys.

Energa Operator, Orlen’s distribution subsidiary, will lead the project, serving over 3.4 million customers and managing approximately 200,000 km of power lines across 24% of Poland.  

Orlen CEO Ireneusz Fąfara emphasized the importance of the network upgrade for Poland’s energy security and competitive edge. EIB’s preferential loan terms are expected to expedite the project, enhancing power supply security in northern and central Poland.

Last month, Orlen added over 300 MW of renewable capacity through solar and wind acquisitions.